ALETHA 3
ALETHA 3 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 205,670 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.4M, with roughly $1.1M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,719 barrels a month. Its strongest month on the record we hold was October 2023, at 34,354 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about ALETHA 3
- Who operates ALETHA 3?
- ALETHA 3 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is ALETHA 3?
- ALETHA 3 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21674.
- Is ALETHA 3 still producing?
- ALETHA 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALETHA 3 is August 2026.
- How much has ALETHA 3 produced?
- ALETHA 3 has reported 205,670 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 1 wellbore.
- How much is ALETHA 3 worth?
- The remaining production from ALETHA 3 is estimated to be worth about $3.4M in total as of 26 August 2026, within a range of $2.8M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALETHA 3 is a fraction of it. The estimate fits an Arps decline curve to the production ALETHA 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALETHA 3 is an estimate of value, not an offer and not an appraisal.
- How much income does ALETHA 3 generate in a year?
- ALETHA 3 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALETHA 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21674 |
| Wellbores | 1 |
| Reported production | 205,670 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where ALETHA 3 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.